Zayo Group Holdings, Inc. (ZAYO): Kenneth Desgarennes , Chief Financial Officer of Zayo Group Holdings, Inc. sold 62,500 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $27.53 per share for a total value of $1,720,625.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Richard W. Connor (director) sold 5,000 shares at $27.00 per share price.On May 4, 2016, Daniel Caruso (CEO) sold 5,000 shares at $26.49 per share price.Also, On Apr 22, 2016, Kenneth Desgarennes (Chief Financial Officer) sold 62,500 shares at $25.72 per share price.On Apr 21, 2016, Matthew Erickson (President & COO) sold 82,500 shares at $25.53 per share price.
Zayo Group Holdings Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Zayo Group Holdings Inc which led to swings in the share price. The shares opened for trading at $27.48 and hit $27.7 on the upside , eventually ending the session at $27.5, with a gain of 0.51% or 0.14 points. The heightened volatility saw the trading volume jump to 10,40,911 shares. The 52-week high of the share price is $29.62 and the company has a market cap of $6,661,298 M . The 52-week low of the share price is at $19.59.
Company has been under the radar of several Street Analysts.Zayo Group Holdings Inc is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $26. The Rating was issued on Mar 24, 2016.
Zayo Group Holdings Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Company’s products include leased dark fiber fiber to cellular towers and small cell sites dedicated wavelength connections Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure and cloud and connectivity. It operates through three segments: Physical Infrastructure Cloud and Connectivity and Other. Its bandwidth infrastructure assets consist of fiber networks the optronic equipment used to provide its lit services over its fiber networks and its datacenters where it provides colocation and interconnection services. The Company through metro fiber networks provides bandwidth infrastructure services within the metro markets that it serves. The Company through regional fiber networks provides bandwidth infrastructure services between the metro markets that it serves.